Charles Schwab Investment Management Inc. Grows Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Charles Schwab Investment Management Inc. increased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 71,151 shares of the company’s stock after acquiring an additional 6,485 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Global-E Online were worth $2,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC boosted its holdings in Global-E Online by 9.6% during the second quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock worth $534,403,000 after buying an additional 1,288,829 shares in the last quarter. Abdiel Capital Advisors LP raised its position in Global-E Online by 1.4% during the second quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company’s stock worth $245,783,000 after acquiring an additional 95,741 shares during the last quarter. Clearbridge Investments LLC acquired a new position in Global-E Online during the second quarter worth about $83,036,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Global-E Online by 30.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,490 shares of the company’s stock worth $59,464,000 after acquiring an additional 378,827 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Global-E Online during the second quarter worth about $36,182,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Up 1.6 %

GLBE opened at $56.46 on Monday. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $56.62. The company has a 50 day moving average of $43.89 and a two-hundred day moving average of $37.78. The company has a market cap of $9.27 billion, a P/E ratio of -97.34 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GLBE shares. UBS Group cut their target price on shares of Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research report on Monday, November 18th. Benchmark lifted their target price on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. JMP Securities lifted their target price on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 21st. Finally, Raymond James lifted their target price on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Global-E Online has a consensus rating of “Moderate Buy” and a consensus target price of $51.33.

Global-E Online Company Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.